Aerospace lightning strike protection market is expected to grow with a CAGR of 10.7% from 2017 to 2022

Aerospace lightning strike protection market is expected to grow with a CAGR of 10.7% from 2017 to 2022

Trends, opportunities and forecast in this market to 2022 by type (expanded foil, interwoven wires, metallized fabrics and fibers, coating and painting, lightning diverter strips, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)

According to a new market report published by Lucintel, the future of the global aerospace lightning strike protection market looks promising with opportunities in the commercial, regional, and military aircraft markets. The global aerospace lightning strike protection market is expected to grow with a CAGR of 10.7% from 2017 to 2022. The major growth drivers for this market are increasing penetration of composites in aircraft programs, proliferating aircraft deliveries, and aviation regulations and certification standards regarding the use of Lightning Strike Protection (LSP) in aircraft.

In this market, expanded foil, interwoven wires, metallized fabrics and fibers, coating and painting, lightning diverter strips, and others are the types of LSP. Lucintel forecasts that the expanded foil segment is expected to remain the largest segment by value and by volume due to usage of expanded foil in new aircraft such as B787 and A350XWB and growing demand of B787 and A350XWB. Expanded foil also provides higher conductivity, lightweight, low cost, better formability and corrosion resistance, as well as a good surface finish. On the basis of its comprehensive research, Lucintel forecasts that expanded foil segment is expected to show above average growth during the forecast period.

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North America is expected to remain the largest region by value and by volume during the forecast period due to highest number of aircraft delivery and production in this region.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of light weight LSP materials and nano-enhanced lightning strike protection. Dexmet Corporation, GKD Gebr. Kufferath AG, and Astroseal Products Mfg. Inc. are among the major suppliers of LSP materials.

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This report answers the following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global aerospace LSP market by type (expanded foil, interwoven wires, metallized fabrics and fibers, coating and painting, lightning diverter strips, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which region will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?

Q.5 What are the business risks and threats of this market?

Q.6 What are emerging trends in this market and reasons behind them?

Q.7 What are some of the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?